Private Money & Hard Money Loans for
Fixer-Uppers & Non-Bankable Properties

Flexible California real estate financing for properties with condition issues, incomplete renovations, or other challenges that traditional lenders will not accept.

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Financing Properties That Do Not Fit Traditional Lending Guidelines

Many properties cannot qualify for conventional or bank financing because of their current condition, incomplete construction, deferred maintenance, unusual configuration, or other property-level issues.

Private money and hard money financing can provide a solution when the underlying real estate has sufficient value and the borrower has a reasonable plan for the property.

Triple Crown Funding evaluates the property, available equity, repair scope, intended use, borrower circumstances, and exit strategy together rather than requiring the property to meet a traditional lender’s condition standards.

Condition Issues Are OK

A property does not need to be move-in ready or conventionally financeable for us to consider the loan.

Common Fixer & Non-Bankable Property Scenarios

● Fixer-upper purchase

● Property needs significant repairs or renovation

● Interior is partially demolished or down to the studs

● Incomplete renovation or construction

● Unusual property condition or configuration

● Property cannot qualify for traditional financing in its current condition

How Private Money Can Help

Traditional lenders commonly require a property to meet specific habitability, condition, and appraisal standards before they will lend.

Private money underwriting can focus more heavily on the property’s current value, available equity, planned improvements, and the borrower’s strategy for completing the project.

That flexibility can allow a borrower to acquire, refinance, or complete improvements on a property that a bank will not finance today.

Typical Exit Strategies

● Complete repairs and refinance into conventional financing

● Stabilize the property and refinance into a rental loan

● Complete renovation and sell the property

● Improve the property enough to qualify for permanent financing

General Fixer & Non-Bankable Property Loan Guidelines

● Residential and commercial real estate

● Purchases and refinances

● 1st and 2nd trust deeds

● Fixer and distressed properties considered

● Up to approximately 65% LTV / CLTV

● Equity-focused underwriting

● Credit and income issues considered

● Appraisal waivers may be available depending on the transaction

Recently Funded Fixer & Non-Bankable Property Loans

Oakley, California

Property: Rental SFR
Loan: $200,000 First Trust Deed
Purpose: Fixer property financing

The borrower needed financing on a fixer property that was not in condition to qualify for traditional bank financing.

Triple Crown Funding provided a private money first mortgage based primarily on the property value, available equity, and the borrower’s plan for the property.

The transaction was completed without a traditional appraisal using borrower-provided property photos.

Los Alamitos, California

Property: Rental 4-Unit Property
Loan: $500,000 First Trust Deed
Purpose: Complete renovation

The property consisted of a single-family residence in front and a triplex in the rear.

The borrower was remodeling all four units when contractor issues interrupted the project and left portions of the property down to the studs.

Triple Crown Funding provided a new $500,000 private money first mortgage that paid off the existing debt and provided additional funds to complete the renovations.

The borrower’s exit strategy was to complete the work and refinance into long-term bank financing.